In recognition of International Privacy Day on January 28, we wanted to share some insights on the top privacy and cybersecurity issues for the new year. Data privacy and cybersecurity will continue to be one of the most...more
1/29/2024
/ Artificial Intelligence ,
Compliance ,
Consumer Privacy Rights ,
Cyber Threats ,
Cybersecurity ,
Data Privacy ,
Data Protection ,
Data Security ,
Deep Fake ,
Health Insurance Portability and Accountability Act (HIPAA) ,
Incident Response Plans ,
Personal Information ,
Policies and Procedures ,
Popular ,
Ransomware ,
Reporting Requirements ,
Risk Management ,
Securities and Exchange Commission (SEC) ,
State Privacy Laws ,
Supply Chain
Fraudulent activity in the financial industry is nothing new. The techniques employed by fraudsters have ranged from fake check fraud and credit card fraud to identity theft and financial account takeovers. For years,...more
On May 31, 2023, renowned managed file transfer solution provider Ipswitch, Inc. revealed a zero-day vulnerability in its flagship solution, MOVEit Transfer, that can enable mass data theft from thousands of organizations....more
The Securities and Exchange Commission (SEC) continued its focus on cybersecurity regulations this month by announcing three new proposed rules and re-opening the comment period on an additional proposed rule from last year....more
The National Credit Union Administration (NCUA) has approved new cyber incident reporting requirements for credit unions. Under the final rule, federally insured credit unions will be required to notify the NCUA of a...more
On multiple fronts, the U.S. Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) continue to increase their focus on cybersecurity. This is understandable as headlines of recent...more
We've all heard a lot about cybersecurity risks and how cyberattacks have dramatically increased since COVID-19 changed our daily work environments. A recent attack has resulted in the demise of a hedge fund and illustrates...more
New York remains extremely active in the cybersecurity and data protection arena. As we have recently discussed, New York is considering a proposed privacy bill that would greatly enhance consumer privacy rights, increase...more
The financial services industry faced unprecedented cybersecurity and privacy challenges in 2020. From learning how to operate with a remote workforce, dealing with a complex and evolving regulatory environment, facing an...more
Both the Office of Foreign Assets Control (OFAC) and the Financial Crimes Enforcement Network (FinCEN) of the U.S. Department of Treasury have issued advisories recently regarding regulatory considerations financial...more
Late last month, the Office of the Comptroller of the Currency (OCC) issued an Interpretive Letter clarifying that national banks and federal savings associations are authorized to provide safekeeping and custody services for...more
On August 28, 2019, the Federal Financial Institutions Examination Council (FFIEC) issued a press release encouraging organizations to utilize a standardized approach to assess and improve cybersecurity preparedness. ...more
It should not be surprising to anyone that cybersecurity and data protection remain top priorities for regulators of the financial services industry. Indeed, cybersecurity has been regularly identified as a key priority by...more
5/3/2019
/ Broker-Dealer ,
Customer Information ,
Cybersecurity ,
Data Privacy ,
Data Protection ,
Data Security ,
Investment Adviser ,
OCIE ,
Opt-Outs ,
Policies and Procedures ,
Popular ,
Privacy Policy ,
Regulation S-P ,
Risk Alert ,
Securities and Exchange Commission (SEC)
Each year, both the United States Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) issue guidance concerning their regulatory priorities for the coming year. ...more
On April 24, 2018, the U.S. Securities and Exchange Commission (SEC) fined Altaba Inc. – formerly known as Yahoo – $35 million for failing to disclose a substantial data breach and cyberattack that occurred in December 2014....more
Each year, both the United States Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) issue guidance concerning their regulatory priorities for the coming year. This year, FINRA...more
On February 21, the U.S. Securities and Exchange Commission (SEC) issued interpretive guidance (the "Guidance") to public companies updating and expanding on the SEC Staff's prior cybersecurity guidance that was released in...more
Each year, both the Financial Industry Regulatory Authority (FINRA) and the United States Securities and Exchange Commission (SEC) issue guidance concerning their regulatory priorities for the coming year. This year, FINRA...more
3/2/2016
/ BSA/AML ,
Conflicts of Interest ,
Corporate Counsel ,
Cybersecurity ,
Exchange-Traded Products ,
Financial Industry Regulatory Authority (FINRA) ,
Liquidity ,
Policies and Procedures ,
Popular ,
Private Placements ,
SEC Examination Priorities ,
Securities and Exchange Commission (SEC)